J.P. Morgan Invests $50 Million
In Mexican Food Conglomerate

Dow Jones Newswires

Updated Aug. 18, 1998 1:19 a.m. ET

MEXICO CITY -- J.P. Morgan Capital Corp. said it paid $50 million for 18.6% stakes in the food companies of Mexican conglomerate Desc SA .

J.P. Morgan Capital Corp., a unit of J.P. Morgan & Co., said the transaction would give it 18.6% stakes in both Corfuerte SA and Authentic Acquisitions Corp. The deal is subject to approval of Mexican...